Matting Agents

Matting Agents

Global Matting Agents Market to Reach US$877.9 Million by 2030

The global market for Matting Agents estimated at US$631.9 Million in the year 2023, is expected to reach US$877.9 Million by 2030, growing at a CAGR of 4.8% over the analysis period 2023-2030. Architectural Application, one of the segments analyzed in the report, is expected to record a 5.8% CAGR and reach US$316.0 Million by the end of the analysis period. Growth in the Industrial Application segment is estimated at 4.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$166.1 Million While China is Forecast to Grow at 7.6% CAGR

The Matting Agents market in the U.S. is estimated at US$166.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$197.4 Million by the year 2030 trailing a CAGR of 7.6% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.9% and 3.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.

Global Matting Agents Market - Key Trends & Drivers Summarized

What Are Matting Agents and Where Are They Utilized?

Matting agents are additives used in coatings and paints to reduce their gloss levels, providing a matte finish that is often desired for aesthetic and functional reasons. These agents are crucial in applications where glare reduction is necessary, such as in automotive interiors, electronics, and on surfaces where reflection can be a distraction or hazard. The versatility of matting agents extends to various industries including automotive, furniture, and electronics, where they enhance the visual and tactile qualities of surfaces. Matting agents not only improve the appearance of coatings but also contribute to their durability and resistance to abrasion, making them integral to the formulation of high-performance finishes.

How Does Technological Advancement Influence Matting Agent Formulations?

Technological advancements have significantly impacted the development of matting agents, leading to formulations that are more efficient and environmentally friendly. Innovations in nanoparticle technology have resulted in matting agents that can achieve a high-quality finish with lower additions to coatings, preserving the coating`s color, clarity, and mechanical properties. The shift towards water-based and UV-curable formulations in response to environmental regulations has driven the development of compatible matting agents that perform effectively in these systems. Additionally, advancements in polymer chemistry have led to the creation of matting agents that integrate seamlessly into coatings, enhancing their functional properties such as scratch resistance and cleanability.

What Role Do Matting Agents Play in Consumer and Industrial Applications?

Matting agents play a critical role in both consumer and industrial applications by meeting specific aesthetic and performance requirements. In the automotive industry, matting agents are used to create non-reflective surfaces for interior components, enhancing both safety and aesthetics. In the electronics industry, they are applied to devices to reduce glare and improve the readability of screens under various lighting conditions. Matting agents are also extensively used in the furniture industry to provide a contemporary matte finish that is both appealing and resistant to wear. Beyond aesthetics, these agents also enhance the functional attributes of surfaces, such as resistance to chemicals and ease of cleaning, which are essential for maintaining the longevity and appearance of products.

What Are the Primary Drivers Behind the Expanding Market for Matting Agents?

The growth in the matting agents market is driven by several factors, including increased consumer demand for matte finishes in various products, from automotive components to consumer electronics. The aesthetic trend towards matte surfaces has seen a consistent rise, influencing product designs across multiple industries. Additionally, regulatory pressures for more environmentally sustainable coating formulations are prompting the development and adoption of new, eco-friendly matting agents. The expansion of industries such as automotive and construction, where matting agents are essential for producing durable, visually appealing finishes, further contributes to the market growth. As consumers and industries continue to seek high-quality, durable, and aesthetically pleasing finishes, the demand for advanced matting agents is expected to remain robust, driving ongoing innovations and market expansion.

Select Competitors (Total 22 Featured) -

• Akzo Nobel NV
• Allnex
• Arkema Group
• Axalta Coating Systems LLC
• Byk Additives & Instruments
• Dalian Fuchang Chemical Group Co., Ltd.
• Deuteron GmbH
• DOG Deutsche Oelfabrik Gesellschaft fur chemische Erzeugnisse mbH & Co. KG
• Evonik Industries AG
• Heubach Colour Pvt., Ltd.
• Huntsman International LLC
• Imerys Minerals Ltd.
• J Color Chemicals
• J. M. Huber Corporation
• Michelman, Inc.
• PPG Industries, Inc.
• PQ Corporation
• Quantum Silicones LLC
• Remmers AG
• The Lubrizol Corporation
• Thomas Swan & Co., Ltd.
• Toyobo Co., Ltd.
• Viacor Polymer GmbH
• W. R. Grace & Co.
• Wattyl Protective Coatings

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